- Strike Energy (STX) begins a major 2D seismic program over 140 kilometres at the South Erregulla Project in the North Perth Basin
- The campaign is aiming to define the final well location for South Erregulla-1 (SE-1), which is due to be drilled in October this year
- Survey lines have been located on various existing roads, firebreaks, clearings and gaps in paddocks in the region
- The company is targeting the earliest possible spudding of SE-1 ahead of its proposed follow up Minjiny 3D seismic survey, subject to approvals
- Shares are trading 0.8 per cent lower at 29.8 cents at 11:40 am AEST
Strike Energy (STX) has begun a major 2D seismic program over 140 kilometres at its wholly owned South Erregulla Project in the North Perth Basin.
Through the capture of modern 2D data, the campaign aims to define the final well location for South Erregulla-1 (SE-1), which is due to be drilled in October this year.
According to the company, survey lines have been located on various existing roads, firebreaks, clearings and gaps in paddocks in the region.
This method of line choice was reportedly selected to minimise landholder impact, accelerate approvals and allow data generation in time for the earliest possible spudding of SE-1.
Further, with Strike’s exploration permits 503 and 505 only granted in January, the company said it had demonstrated timeliness in its project delivery.
If successful in the current campaign, and subject to land access and approvals, the work will be followed by STX’s proposed Minjiny 3D seismic survey.
Meanwhile, the company said the West Erregulla appraisal campaign continued to support the regional Permian gas fairway play extension to the south and into the Dandaragan Trough.
The West Erregulla joint venture is equally held by Strike and partnering ASX-lister Warrego Energy (WGO) and is likely to be co-charged with South Erregulla.
Strike Energy shares have been trading 0.8 per cent lower on Thursday at 29.8 cents each at 11:40 am AEST.